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Jet Airways is still not out of the cloud of difficulty

USNMix Report: SpiceJet can
operation grounded aircraft of Jet Airways.Due to non-payment of rent,
more than 32 aircraft of Jet Airways have grounded.

Jet Airways is still not out of the cloud of difficulty. Due to not paying the rent, the
company has more than 32 aircraft grounded. In such a case, the companies which have
leased the aircraft to Jet Airways are considering breaking the deal and
leasing the aircraft to the other airlines. News Agency Reuters has conveyed
the information to the sources.

It has been stated in the
report of the agency that two companies leasing Jet Airways have asked DGCA to
register the five planes which are currently being operated by the airlines.
There is a heavy burden of debt on Jet Airways. The airlines, who are facing
financial crisis, have not given their pilots and ground staff salaries for
several months. Company has defaulted. According to statistics, there is a debt
of about Rs 7,000 crore on Jet Airways.

According to Reuters
sources, leasing companies - GE Capital Aviation Services, Aercap Holdings and
BOC Aviation have also withdrawn several planes. Airlines has a fleet of 119
aircraft, of which nearly one-third has grounded. According to sources, three
aircraft have been d-registered with DGCA. Two aircraft have been dispatched to
China and one aircraft to Ireland.

It is also reported from
sources that these companies are in talks with SpiceJet. These leasing
companies want SpiceJet to operate the Boeing 737 Next Generation Aircraft,
which was currently included in the Jet Airways fleet. After Ethiopia plane
crash, Boeing's 737 Max aircraft were grounded all over the world. SpiceJet had
13 such planes that have been ground now.